Annual Review 2025

Four Big Ideas, One Wild Year, and the Case for Stock Picking

I am happy to greet you all and pat myself on the back for making it through one more crazy year. I am grateful to all of you who stayed with or joined this publication despite its flaws. My highest hope is that I brought something of value to your attention in 2025. The posting frequency is embarrassing, even by the low bar I set at the beginning. Inst…